Trader Joe and its affiliated NFT Joepegs are expanding trading on the BNB chain by the end of March this year. Trader Joe is a DeFi trading platform based on Avalanche. This follows the trend of decentralized protocols being deployed on multiple chains.
Trader Joe’s has the highest total trading volume on Avalanche. In a statement, the company said it had seen a significant drop in transaction volume since June of last year, according to the company, which said Joepeg has more than 34,000 of his users, with secondary sales increasing him to 950. We support transactions over $10,000. It also said that investors will be able to trade the coin using the liquidity book. Therefore, users of the BNB chain are now able to collect his NFTs through Joepeg’s NFT Marketplace.
Alvin Kan, Director of Growth and Operations at BNB Chain added:
“We believe the efficiency and security of the BNB chain, coupled with the user-friendly services of Trader Joe DEX and Joepegs NFT Marketplace, will drive the growth and success of the broader NFT and DeFi ecosystem.”
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Extending Trader Joe’s on the Ethereum Chain
In December 2022, Trader Joe also expanded its operations in Arbitrum. Arbitrum is a scaling platform for Ethereum. This was Trader Joe’s first step towards expansion since his 2021 launch. The company has since focused on developing his Avalanche, but hopes to expand into the global market by entering multiple platforms.
We have seen several decentralized financial protocols extended across various platforms. Uniswap and Aave, for example, are being gradually rolled out to different chains.
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Publication of the Liquidity Book
Last year, Trader Joe launched version 2 of its Automated Market Maker called Liquidity Book. It improves the efficiency of the liquidity provider by allowing them to earn transaction fees within a defined price range, but in standard he AMM, the liquidity provided by the user can range from 0 to infinity. divided evenly across the price range.
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